Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Operating Activities:    
Net income (loss) $ 290 $ 965
Less: Income from discontinued operations, net of tax (126) (337)
Income from continuing operations 164 628
Adjustments to reconcile income from continuing operations to net cash provided by operating activities from continuing operations:    
Equity in income of investment in unconsolidated affiliates (41) (45)
Unrealized losses on fair value adjustments to Venator investment 91  
Cash received from return on investment in unconsolidated subsidiary 17  
Depreciation and amortization 201 187
Noncash lease expense 41  
(Gain) loss on disposal of businesses/assets, net (49) 2
Loss on early extinguishment of debt 23 3
Noncash interest expense 2 1
Noncash restructuring and impairment charges 3 2
Deferred income taxes 64 (135)
Noncash loss on foreign currency transactions 3 3
Stock-based compensation 22 22
Other, net 7 5
Changes in operating assets and liabilities:    
Accounts and notes receivable 69 (135)
Inventories 19 (158)
Prepaid expenses 4 1
Other current assets 26 11
Other noncurrent assets (73) (34)
Accounts payable (16) 53
Accrued liabilities (57) (6)
Other noncurrent liabilities (86) 41
Net cash provided by operating activities from continuing operations 434 446
Net cash provided by operating activities from discontinued operations 222 488
Net cash provided by operating activities 656 934
Investing Activities:    
Capital expenditures (181) (148)
Acquisition of a business, net of cash acquired   (366)
Proceeds from sale of businesses/assets 49  
Cash received from forward swap contract related to the sale of investment in Venator 16  
Other, net 5  
Net cash used in investing activities from continuing operations (111) (514)
Net cash used in investing activities from discontinued operations (31) (297)
Net cash used in investing activities (142) (811)
Financing Activities:    
Net (repayments) borrowings on revolving loan facilities (104) 265
Repayments of long-term debt (662) (59)
Proceeds from issuance of long-term debt 742  
Repayments of short-term debt   (6)
Borrowings on short-term debt 101 6
Repayments of notes payable (21) (24)
Borrowings on notes payable 2  
Debt issuance costs paid (7) (4)
Costs of early extinguishment of debt (21)  
Dividends paid to common stockholders (115) (118)
Dividends paid to noncontrolling interests (40) (33)
Cash paid to noncontrolling interests (100)  
Repurchase of common stock (196) (175)
Repurchase and cancellation of stock awards (12) (30)
Proceeds from issuance of common stock 2 17
Proceeds from the secondary offering of Venator   44
Cash paid for expenses of the secondary offering of Venator   (2)
Other, net   2
Net cash used in financing activities (431) (117)
Effect of exchange rate changes on cash (5) (28)
Increase in cash, cash equivalents and restricted cash 78 (22)
Cash, cash equivalents and restricted cash from continuing operations at beginning of period 340 481
Cash, cash equivalents and restricted cash from discontinued operations at beginning of period   238
Cash, cash equivalents and restricted cash at end of period 418 697
Supplemental cash flow information:    
Cash paid for interest 65 114
Cash paid for income taxes 102 145
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES    
Operating Activities:    
Net income (loss) 281 956
Less: Income from discontinued operations, net of tax (126) (337)
Income from continuing operations 155 619
Adjustments to reconcile income from continuing operations to net cash provided by operating activities from continuing operations:    
Equity in income of investment in unconsolidated affiliates (41) (45)
Unrealized losses on fair value adjustments to Venator investment 91  
Cash received from return on investment in unconsolidated subsidiary 17  
Depreciation and amortization 201 184
Noncash lease expense 41  
(Gain) loss on disposal of businesses/assets, net (49) 2
Loss on early extinguishment of debt 23 3
Noncash interest expense 15 17
Noncash restructuring and impairment charges 3 2
Deferred income taxes 63 (134)
Noncash loss on foreign currency transactions 3 3
Noncash compensation 21 21
Other, net 6 7
Changes in operating assets and liabilities:    
Accounts and notes receivable 69 (136)
Inventories 19 (158)
Prepaid expenses 5  
Other current assets 24 8
Other noncurrent assets (73) (34)
Accounts payable (28) 36
Accrued liabilities (57) (6)
Other noncurrent liabilities (84) 43
Net cash provided by operating activities from continuing operations 424 432
Net cash provided by operating activities from discontinued operations 222 488
Net cash provided by operating activities 646 920
Investing Activities:    
Capital expenditures (181) (148)
Acquisition of a business, net of cash acquired   (366)
Proceeds from sale of businesses/assets 49  
Increase in receivable from affiliate (3) (19)
Cash received from forward swap contract related to the sale of investment in Venator 16  
Other, net 6  
Net cash used in investing activities from continuing operations (113) (533)
Net cash used in investing activities from discontinued operations (31) (297)
Net cash used in investing activities (144) (830)
Financing Activities:    
Net (repayments) borrowings on revolving loan facilities (104) 265
Repayments of long-term debt (662) (59)
Proceeds from issuance of long-term debt 742  
Repayments of short-term debt   (6)
Borrowings on short-term debt 101 6
Repayments of notes payable to affiliate (197) (154)
Repayments of notes payable (21) (24)
Debt issuance costs paid (7) (4)
Costs of early extinguishment of debt (21)  
Dividends paid to parent (112) (117)
Dividends paid to noncontrolling interests (40) (33)
Cash paid to noncontrolling interests (100)  
Proceeds from the secondary offering of Venator   44
Cash paid for expenses of the secondary offering of Venator   (2)
Other, net 1 1
Net cash used in financing activities (420) (83)
Effect of exchange rate changes on cash (5) (28)
Increase in cash, cash equivalents and restricted cash 77 (21)
Cash, cash equivalents and restricted cash from continuing operations at beginning of period 340 479
Cash, cash equivalents and restricted cash from discontinued operations at beginning of period 0 238
Cash, cash equivalents and restricted cash at end of period 417 696
Supplemental cash flow information:    
Cash paid for interest 65 114
Cash paid for income taxes $ 102 $ 145